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FTAI Infrastructure Inc.（FIP）与PROGRESS SOFTWARE CORP（PRGS）财务数据对比。点击上方公司名可切换其他公司
PROGRESS SOFTWARE CORP的季度营收约是FTAI Infrastructure Inc.的1.8倍（$252.7M vs $143.5M），PROGRESS SOFTWARE CORP净利率更高（10.2% vs -68.1%，领先78.3%），FTAI Infrastructure Inc.同比增速更快（77.7% vs 17.5%），PROGRESS SOFTWARE CORP自由现金流更多（$59.9M vs $-68.6M），过去两年FTAI Infrastructure Inc.的营收复合增速更高（31.9% vs 17.0%）
FTAI基础设施有限公司持有、运营并投资交通物流、中游能源、发电等核心领域的优质关键基础设施资产，主要面向北美市场，聚焦拥有稳定长期现金流、合同约定收入流的项目，为利益相关方创造可持续回报。
Progress Software是全球领先的企业级软件服务商，主营应用开发平台、数据连接工具、数字体验解决方案等产品，服务覆盖金融、医疗、制造、零售等多行业的全球企业客户，助力客户搭建高性能可扩展的业务应用，提升运营效率。
FIP vs PRGS — 直观对比
营收规模更大
PRGS
是对方的1.8倍
$143.5M
营收增速更快
FIP
高出60.2%
17.5%
净利率更高
PRGS
高出78.3%
-68.1%
自由现金流更多
PRGS
多$128.6M
$-68.6M
两年增速更快
FIP
近两年复合增速
17.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $143.5M | $252.7M |
| 净利润 | $-97.7M | $25.7M |
| 毛利率 | — | 81.6% |
| 营业利润率 | -45.7% | 15.2% |
| 净利率 | -68.1% | 10.2% |
| 营收同比 | 77.7% | 17.5% |
| 净利润同比 | 21.6% | 2144.6% |
| 每股收益（稀释后） | $-1.04 | $0.59 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收FIPPRGS
| Q4 25 | $143.5M | $252.7M | ||
| Q3 25 | $140.6M | $249.8M | ||
| Q2 25 | $122.3M | $237.4M | ||
| Q1 25 | $96.2M | $238.0M | ||
| Q4 24 | $80.8M | $215.0M | ||
| Q3 24 | $83.3M | $178.7M | ||
| Q2 24 | $84.9M | $175.1M | ||
| Q1 24 | $82.5M | $184.7M |
净利润FIPPRGS
| Q4 25 | $-97.7M | $25.7M | ||
| Q3 25 | $-104.5M | $19.4M | ||
| Q2 25 | $-70.0M | $17.0M | ||
| Q1 25 | $120.2M | $10.9M | ||
| Q4 24 | $-124.7M | $1.1M | ||
| Q3 24 | $-43.0M | $28.5M | ||
| Q2 24 | $-48.1M | $16.2M | ||
| Q1 24 | $-50.3M | $22.6M |
毛利率FIPPRGS
| Q4 25 | — | 81.6% | ||
| Q3 25 | — | 81.0% | ||
| Q2 25 | — | 80.1% | ||
| Q1 25 | — | 80.6% | ||
| Q4 24 | — | 83.0% | ||
| Q3 24 | — | 83.7% | ||
| Q2 24 | — | 81.7% | ||
| Q1 24 | — | 82.2% |
营业利润率FIPPRGS
| Q4 25 | -45.7% | 15.2% | ||
| Q3 25 | -70.8% | 17.6% | ||
| Q2 25 | -56.4% | 16.3% | ||
| Q1 25 | 81.8% | 13.6% | ||
| Q4 24 | -152.7% | 10.0% | ||
| Q3 24 | -51.7% | 22.6% | ||
| Q2 24 | -56.4% | 15.5% | ||
| Q1 24 | -58.8% | 19.0% |
净利率FIPPRGS
| Q4 25 | -68.1% | 10.2% | ||
| Q3 25 | -74.4% | 7.8% | ||
| Q2 25 | -57.2% | 7.2% | ||
| Q1 25 | 125.0% | 4.6% | ||
| Q4 24 | -154.4% | 0.5% | ||
| Q3 24 | -51.6% | 15.9% | ||
| Q2 24 | -56.7% | 9.2% | ||
| Q1 24 | -60.9% | 12.3% |
每股收益（稀释后）FIPPRGS
| Q4 25 | $-1.04 | $0.59 | ||
| Q3 25 | $-1.38 | $0.44 | ||
| Q2 25 | $-0.73 | $0.39 | ||
| Q1 25 | $0.89 | $0.24 | ||
| Q4 24 | $-1.21 | $0.01 | ||
| Q3 24 | $-0.45 | $0.65 | ||
| Q2 24 | $-0.52 | $0.37 | ||
| Q1 24 | $-0.54 | $0.51 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $57.4M | $94.8M |
| 总债务越低越好 | $3.8B | $1.4B |
| 股东权益账面价值 | $21.3M | $478.3M |
| 总资产 | $5.7B | $2.5B |
| 负债/权益比越低杠杆越低 | 176.99× | 2.93× |
8季度趋势，按日历期对齐
现金及短期投资FIPPRGS
| Q4 25 | $57.4M | $94.8M | ||
| Q3 25 | $34.7M | $99.0M | ||
| Q2 25 | $33.6M | $102.0M | ||
| Q1 25 | $26.3M | $124.2M | ||
| Q4 24 | $27.8M | $118.1M | ||
| Q3 24 | $20.3M | $232.7M | ||
| Q2 24 | $33.1M | $190.4M | ||
| Q1 24 | $23.0M | $133.2M |
总债务FIPPRGS
| Q4 25 | $3.8B | $1.4B | ||
| Q3 25 | $3.7B | $1.4B | ||
| Q2 25 | $3.1B | $1.5B | ||
| Q1 25 | $2.8B | $1.5B | ||
| Q4 24 | $1.6B | $1.5B | ||
| Q3 24 | $1.5B | — | ||
| Q2 24 | $1.6B | — | ||
| Q1 24 | $1.3B | — |
股东权益FIPPRGS
| Q4 25 | $21.3M | $478.3M | ||
| Q3 25 | $181.1M | $477.7M | ||
| Q2 25 | $375.5M | $452.7M | ||
| Q1 25 | $476.2M | $431.8M | ||
| Q4 24 | $202.7M | $438.8M | ||
| Q3 24 | $370.8M | $425.6M | ||
| Q2 24 | $394.8M | $401.7M | ||
| Q1 24 | $402.5M | $461.7M |
总资产FIPPRGS
| Q4 25 | $5.7B | $2.5B | ||
| Q3 25 | $5.5B | $2.4B | ||
| Q2 25 | $4.4B | $2.4B | ||
| Q1 25 | $4.1B | $2.5B | ||
| Q4 24 | $2.4B | $2.5B | ||
| Q3 24 | $2.4B | $1.6B | ||
| Q2 24 | $2.5B | $1.6B | ||
| Q1 24 | $2.3B | $1.5B |
负债/权益比FIPPRGS
| Q4 25 | 176.99× | 2.93× | ||
| Q3 25 | 20.59× | 2.97× | ||
| Q2 25 | 8.21× | 3.22× | ||
| Q1 25 | 5.79× | 3.50× | ||
| Q4 24 | 7.84× | 3.48× | ||
| Q3 24 | 4.14× | — | ||
| Q2 24 | 3.94× | — | ||
| Q1 24 | 3.34× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $-2.8M | $62.8M |
| 自由现金流经营现金流 - 资本支出 | $-68.6M | $59.9M |
| 自由现金流率自由现金流/营收 | -47.8% | 23.7% |
| 资本支出强度资本支出/营收 | 45.9% | 1.1% |
| 现金转化率经营现金流/净利润 | — | 2.44× |
| 过去12个月自由现金流最近4个季度 | $-398.5M | $229.5M |
8季度趋势，按日历期对齐
经营现金流FIPPRGS
| Q4 25 | $-2.8M | $62.8M | ||
| Q3 25 | $-24.4M | $73.4M | ||
| Q2 25 | $-5.2M | $30.0M | ||
| Q1 25 | $-85.7M | $68.9M | ||
| Q4 24 | $-8.1M | $19.7M | ||
| Q3 24 | $14.2M | $57.7M | ||
| Q2 24 | $-17.6M | $63.7M | ||
| Q1 24 | $-3.9M | $70.5M |
自由现金流FIPPRGS
| Q4 25 | $-68.6M | $59.9M | ||
| Q3 25 | $-90.7M | $72.4M | ||
| Q2 25 | $-87.5M | $29.5M | ||
| Q1 25 | $-151.7M | $67.7M | ||
| Q4 24 | $-34.3M | $16.8M | ||
| Q3 24 | $-11.7M | $56.6M | ||
| Q2 24 | $-32.1M | $62.7M | ||
| Q1 24 | $-16.7M | $70.2M |
自由现金流率FIPPRGS
| Q4 25 | -47.8% | 23.7% | ||
| Q3 25 | -64.5% | 29.0% | ||
| Q2 25 | -71.6% | 12.4% | ||
| Q1 25 | -157.7% | 28.4% | ||
| Q4 24 | -42.4% | 7.8% | ||
| Q3 24 | -14.0% | 31.7% | ||
| Q2 24 | -37.9% | 35.8% | ||
| Q1 24 | -20.3% | 38.0% |
资本支出强度FIPPRGS
| Q4 25 | 45.9% | 1.1% | ||
| Q3 25 | 47.2% | 0.4% | ||
| Q2 25 | 67.3% | 0.2% | ||
| Q1 25 | 68.6% | 0.5% | ||
| Q4 24 | 32.5% | 1.3% | ||
| Q3 24 | 31.1% | 0.6% | ||
| Q2 24 | 17.2% | 0.5% | ||
| Q1 24 | 15.6% | 0.2% |
现金转化率FIPPRGS
| Q4 25 | — | 2.44× | ||
| Q3 25 | — | 3.78× | ||
| Q2 25 | — | 1.76× | ||
| Q1 25 | -0.71× | 6.30× | ||
| Q4 24 | — | 17.13× | ||
| Q3 24 | — | 2.03× | ||
| Q2 24 | — | 3.93× | ||
| Q1 24 | — | 3.11× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
FIP
| Power Revenues | $45.9M | 32% |
| Rail Revenue | $44.6M | 31% |
| Service Other | $22.8M | 16% |
| Gas Revenues | $15.3M | 11% |
| Roadside Services Revenues | $11.5M | 8% |
| Rapauno | $1.2M | 1% |
PRGS
| Maintenanceand Services | $187.5M | 74% |
| Share File Acquisition | $67.5M | 27% |
